Former Chinese Banking Regulator Accused of Graft, Serving as a ‘Revolving Door’

Former Chinese Banking Regulator Accused of Graft, Serving as a ‘Revolving Door’
An employee counts stacks of Chinese 100-yuan banknotes at a branch of the Bank of Communications in Shenyang, Liaoning Province, China on July 6, 2012. Reuters
Updated:
0:00

China’s communist regime recently expelled a former executive regulator of small and medium-sized banks from the Chinese Communist Party (CCP). After a “fleeing resignation” from her official post, the anti-graft probe accused her of being a typical example of a “revolving door”—an official active in the fields of both politics and business, and aiming to profit from both.

Jiang Liming, a 61-year-old veteran in the financial regulatory sector, was accused of collusion, forgery, accepting bribes, and evading investigation.